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New Amazon HQ (Nasdaq: AMZN) Aims to Profit from China's Massive E-Commerce Market
On Wednesday morning, the world's biggest online retailer announced a deal to place a new Amazon HQ (Nasdaq: AMZN) in China's Shanghai Pilot Free Trade Zone (SFTZ) late next month.
A new Amazon HQ in China will allow the company to take on Chinese e-commerce giant Alibaba (NYSE: BABA) on its home turf, right around the same time the Alibaba IPO hits U.S. markets.
Here are all the details of the "turf war" that's brewing between AMZN and BABA...
On Wednesday morning, the world's biggest online retailer announced a deal to place a new Amazon HQ (Nasdaq: AMZN) in China's Shanghai Pilot Free Trade Zone (SFTZ) late next month.
A new Amazon HQ in China will allow the company to take on Chinese e-commerce giant Alibaba (NYSE: BABA) on its home turf, right around the same time the Alibaba IPO hits U.S. markets.
Here are all the details of the "turf war" that's brewing between AMZN and BABA...